Heartland Publications LLC, the owner of 23 daily newspapers and other publications in nine states, filed for Chapter 11 bankruptcy protection on Monday after agreeing with its major lender on a plan to cut the company's debt load by more than half. The privately held ...

Citadel Broadcasting Corp. said Monday that the U.S. Bankruptcy Court for the Southern District of New York has granted all of its first-day motions — including allowing the company access to over $36 million in cash it has on hand and cash it brings in from daily ...

NEW YORK (Reuters) - Three more media companies, including broadcaster Citadel Broadcasting <CTDB.OB>, have filed for bankruptcy, brought low by the drop in advertising revenue and crushing debt loads. Citadel, the third-largest U.S. radio broadcaster filed for Chapter 11 bankruptcy protection in Manhattan on Sunday, hurt by $2.08 billion in debt and a decline in advertising ...

NEW YORK (Reuters) - Citadel Broadcasting Corp <CTDB.OB>, the third-largest U.S. radio broadcaster, said on Sunday it filed for the bankruptcy protection, as the radio industry continues to be hard hit by depressed advertising revenue. Citadel, whose network consists of 165 FM stations and 58 AM stations, filed for Chapter 11 bankruptcy protection under a prenegotiated deal ...